BlackRock Global Long/Short Equity Fund Class I (BDMIX)
Fund Info
| ISIN | US0919365264 |
|---|---|
| CUSIP | 091936526 |
| Issuer | Blackrock |
| Inception Date | Dec 20, 2012 |
| Category | Long-Short |
| Home Page | www.blackrock.com |
| Asset Class | Equity |
Expense Ratio
The BlackRock Global Long/Short Equity Fund Class I has a high expense ratio of 1.57%, indicating higher-than-average management fees.
Share Price Chart
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Popular comparisons: BDMIX vs. VOO, BDMIX vs. VMNFX, BDMIX vs. QAMNX
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in BlackRock Global Long/Short Equity Fund Class I, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
BlackRock Global Long/Short Equity Fund Class I had a return of 11.64% year-to-date (YTD) and 24.83% in the last 12 months. Over the past 10 years, BlackRock Global Long/Short Equity Fund Class I had an annualized return of 4.00%, while the S&P 500 had an annualized return of 10.42%, indicating that BlackRock Global Long/Short Equity Fund Class I did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 11.64% | 5.05% |
| 1 month | 1.73% | -4.27% |
| 6 months | 16.27% | 18.82% |
| 1 year | 24.83% | 21.22% |
| 5 years (annualized) | 5.90% | 11.38% |
| 10 years (annualized) | 4.00% | 10.42% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 4.28% | 1.06% | 3.91% | |||||||||
| 2023 | 2.11% | 2.31% | 3.57% | 0.79% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
BlackRock Global Long/Short Equity Fund Class I(BDMIX)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for BlackRock Global Long/Short Equity Fund Class I (BDMIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
BlackRock Global Long/Short Equity Fund Class I granted a 6.65% dividend yield in the last twelve months. The annual payout for that period amounted to $0.94 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.94 | $0.94 | $0.00 | $0.14 | $0.03 | $0.77 | $0.12 | $0.00 | $0.00 | $0.21 | $0.01 | $0.15 |
Dividend yield | 6.65% | 7.42% | 0.00% | 1.23% | 0.30% | 6.78% | 0.94% | 0.00% | 0.00% | 1.86% | 0.11% | 1.27% |
Monthly Dividends
The table displays the monthly dividend distributions for BlackRock Global Long/Short Equity Fund Class I. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | |||||||||
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.00 | $0.00 | $0.81 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.77 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.12 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.21 |
| 2014 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 |
| 2013 | $0.15 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the BlackRock Global Long/Short Equity Fund Class I. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the BlackRock Global Long/Short Equity Fund Class I was 12.42%, occurring on Sep 12, 2016. Recovery took 267 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -12.42% | May 5, 2015 | 343 | Sep 12, 2016 | 267 | Oct 3, 2017 | 610 |
| -9.44% | May 29, 2019 | 204 | Mar 18, 2020 | 244 | Mar 8, 2021 | 448 |
| -7.45% | May 14, 2021 | 315 | Aug 12, 2022 | 119 | Feb 2, 2023 | 434 |
| -6.95% | Dec 8, 2023 | 13 | Dec 27, 2023 | 52 | Mar 13, 2024 | 65 |
| -4.87% | Jan 16, 2018 | 37 | Mar 8, 2018 | 58 | May 31, 2018 | 95 |
Volatility
Volatility Chart
The current BlackRock Global Long/Short Equity Fund Class I volatility is 1.63%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.